Spongetech Delivery Systems, Inc. (fka SPNGQ)

[starfire]

then why is it reported as 'Short' sales by FINRA?? I'll tell you why...because it fits the definition of SHORT SALES.....

A short sale is a sale of a security that the seller
does not own or any sale that is consummated
by the delivery of a security borrowed by, or for
the account of, the seller. To determine whether
a sale is a short sale, members must adhere to
the definition of a “short sale” contained in SEC
Rule 3b-3, which is incorporated into NASD’s
short sale rule by NASD Rule 3350(k)(1).